SYDNEY, AUSTRALIA: Janison Education Group (ASX:JAN) has entered into a binding agreement to acquire 100% shares in Academic
Assessment Services Pty Ltd (AAS), provider of premium school assessments.
The deal comprises an upfront consideration of $9 million and an earnout of approximately $8 million.
The acquisition is expected to complete on or around 25 November 2021.
Academic Assessment Services is the leading Australian provider of premium school assessments for school years 2-12 in mathematics, reading, writing, spelling and general ability.
AAS provides educational tests and testing services to over 210 of the top 1,200 independent schools in Australia.
Headquartered in Sydney, and operating for over 47 years, AAS has developed a well-regarded suite of school assessments and an impeccable brand in the market.
AAS grew its revenue by approximately +29% in FY21 through growth in customer acquisition, despite COVID-19 headwinds.
The acquisition of AAS further enhances Janison’s suite of premium school assessments which will integrate into Janison’s existing Schools division alongside its other highly regarded assessment products; ICAS, Reach, QATs and PISA for schools.
The AAS product strengthens Janison’s product portfolio with its range of formative assessments, scholarship tests, career assessments, an ATAR indicator engine, and powerful reporting tools.
AAS also comes with world-class talent in many areas including psychometrics and data analysis to further broaden Janison’s assessment production team.